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Search Results 0 to 49 of about 378 (some duplicates have been removed)
economy and, brother, it is so grim. u.s. economy unexpectedly shrinking in the fourth quarter. the biggest dip in 3 years. instead of jumping into high gear to figure out what to do to reverse this economic bad news some, top democrats used their time to play the blame game. they say it's all the republicans' fault. >> the economy shrunk. >> last three months of last year, our economy shrunk. >> the new report suggests that this economy still has not really fully recovered from the financial crisis four years ago. >> it was the democrats are saying? this is the best-looking contraction that there has ever been. >> it's disheartening, although we have moved at least temporarily beyond flirtation with default, to see republican leaders say, visequester in my back pocket. it's not a game. it's the american economy. >> you remember what this administration's growth forecasts were? for the next three to four years? their growth forecasts were anywhere between 3 and 4/2 percent. we are not growing. >> have you heard of a poor man spending himself into prosperity? >> it's just sad to
that to you shortly. now, the latest news about our economy and it is so grim. shrinking in the fourth quarter. biggest dip in three years. instead of jumping into high gear to figure out what to do to reverse the economic bad news, top democrats use their time to play the blame game. they say it's all the republicans' fault. >> the economy shrunk. last three months our economy shrunk. >> new report suggests that the economy still has not really fully recovered from the financial crisis four years ago. >> now the democrats, this is the best looking contraction it has ever been in this country. >> it's beyond the flirtation with default to see republican leaders say, i got sequester in my back pocket -- this is not a game. >> you remember what the administration's growth forecast were for the next three to four years. it was anywhere between 3-4 1/2%. >> have you heard poor men spending themselves into prosperity. it's dumb. >> there is more work to do in our economy and facing a major headwinds. that is republicans in congress. >> if there were republican in white house we would never come out
. >>> and now to the economy. the labor department releases january's report this morning. the economy remains sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. we have an economy still struggling despite positive signs like higher consumer spending and business. we expect sluggish growth in today's report. of course, any surprises there could jolt the market. wall street is eagerly awaiting the government's january jobs report. analysts predict the company added jobs last month but not enough to budge the unemployment rate from its current 7.8%. >> it's been a slow process. >> latoya patrick is one of america's estimate 12 million unemployed workers. she's been looking for a job since the fall after graduating with a master's degree. >> i'm not going to lie. it's been tough sometimes. when you're home, you feel like i spent all this time going to school and it's like nobody's giving you a chance. >> economists say until more people like latoy
focused on health care, some thought to the detriment of the economy. is he in danger of making the same mistake twice. >>> later koor, could a piece o equipment from the nfl's past protect players from today. one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪ officewith an online package new colincluding: domain name,y! website builder with five pages and basic email just $49.99! that's up to 76 percent below online providers and only at officemax stores! [heart beating] [heartbeat continues] [heartbeat, music playing louder] ♪ i'm feeling better since you know me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. >>> the economy, domestic policy and republican head winds with the hill's a.b. stoddard, former labor secretary elaine chao and mike duffy up next. -oh! oh! oh! ♪ what do you know? oh! ♪ bacon? -oh! -oh! oh!
care, some thought to the detriment of the economy. is he in danger of making the same mistake twice. >>> later, could a piece of equipment from the nfl's past protect players from today. -- protect its players today. list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. >>> the economy, domestic policy and republican head winds with the hill's a.b. stoddard, former bush labor secretary elaine chao, former adviser melody barnes and mike duffy of "time" magazine up next. ng a fulltime indoor cat wasn't easy for atti. but he had purina cat chow indoor. he absolutely loved it. and i knew he was getting everything he needed to stay healthy indoors. and after a couple of weeks, i knew we were finally home! [ female announcer ] purina cat chow indoor. and for a delicious way to help maintain a healthy weight, try new purina cat chow healthy weigh
but be a lot colder. >> pelley: david, thanks very much. the economy has turned unexpectedly cloudy. government data out today showed the economy shrank for the first time since the great recession. it contracted at an annual rate of 0.1% the last three months of 2012. the economy had grown 3.1% the previous quarter. a shrinking economy over time spells recession, but don't panic yet. this number is likely to be revised as more data come in. senior business correspondent anthony mason found this dark cloud may have a silver lining. >> reporter: the headline may be disappointing, but the underlying economy was showing renewed strength at the end of last year. consumer spending, which drives two-thirds of the economy, was up 2.2%. home building soared more than 15% and contributed to economic growth in 2012 for the first time in six years. only government spending cuts on defense caused overall economic growth to flatline. julia coronado is chief economist with p.n.b.-paribas. >> the fiscal tightening is taking a toll. it took a toll on growth in 2012. it will take a toll again in 2013. >> report
. >> business has created 2.2 million jobs last year. we just learned that our economy created more jobs over the last few months than economists originally thought, but this week we received the first estimate of the economic growth over the last few months. it reminded us that bad decisions in washington can get in the way of our economic progress. >> jamie: just yesterday we saw the recent job numbers tick up and the u.s. economy is worse off than it was four years ago in four major categories. let's take a look. first unemployment rate january 2009, it was 7.8% and it is 7.9%. then under employment, percentage of americans who are not working as much as they are able to. in 2009 it was 14.2% and today it kicked up to 14.4%. four years ago, 12 million americans were out of work and now it's 12.3 million. today less than 64% of americans that are capable of working are actually out there looking. that is down 2% from 2009. let's bring in angela and jehmu greene and former president of the women's media center. nice to see you. okay, let me ask you first, angela, it sounds like more finger p
the economy as it did claiming it was fixed and then finding excuses and scapegoats when its premature announcements turn out to be false, i would suspect the economy is doing better than it is today. >> austin is a key member and today a professor of economics at the university of chicago booth coolal school of business. in fairness, this white house spends a lot of time blaming republicans for economic problems. has it gone overboard? perhaps too much politics and not enough policy because we did have an election. >> you know, i thought that was kind of a weird, cheap shot to come from the minority leader. i think the difference between being recovered and being in recovery is pretty different. and that is we're growing at a modest pace. we should be growing faster, but we're about the fastest growth of the advance world. but we still have a long way to go before we're back to where we were prebubble days and prerecession. i think the job's numbers, they were okay. you know, they were about what was expected. we saw over the last year, we've added a little more than 2 million jobs. t
:00 p.m. we get our first check on the economy in the new year. the january jobs report is out and despite improving signs, the economy shrank at the end of last year. >> january brought 157,000 new jobs and another 100 27,000 not previous -- 127,000 not previously counted, but the jobless rate went up to 7.9%. >> there is a role for more measures to nudge the rate down. >> there was a shrinking economy at the end of the year. >> we are not going anywhere fast. >> the economy is on a seesaw. >> the president can make any excuse he wants but it will not help americans find jobs. >> the president's job council expires today. >> the white house will begin a new effort to work with the business community. >> the labor secretary thinks immigration reform will help. >> if we can bring those 12 million out of the shadows, that is over $2 trillion. >> congress extended the debt ceiling, that they have yet to prevent big spending cuts. >> 800,000 civilians will lose their jobs. bases will have to be closed. the grants will have to be stopped. >> that could add to the unemployment number
to the economy. a day after the dow closed above the 14,000 mark for the first time since before the financial crisis. >> we are poised to grow in 2013. and the real signs of progress. home prices are starting to climb again. car sales are at a five-year high. manufacturing is roaring back. our businesses created 2.2 million jobs last year. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> now, former senator scott brown says he will not run on a special senate election in massachusetts. it's a setback. republicans who hope to win the seat vacated by secretary of state john kerry. brown lost hre-election bid to elizabeth warren in november. for more on the response to the milestone week to the dow, let's go to kristen welker at the white house for us. good saturday morning to you. what is the take on the latest economic news, after the rocky start with the negative gdp number? >> good morning, alex. a real mixed bag this week. the white house responding as they typically do, when we get one of these jobs reports or gdp report
mornings. >> thank you. >>> we got some disappointing new numbers on the u.s. economy, and it's raised questions over president obama's second term agenda. what it is exactly. his administration is clearly last week and this week focused on new gun control proposals, and major immigration reform legire saying the economy should be issue number one. take a look at these numbers. the unemployment rate ticked up to 7.9% last month. the nation's gdp shrank 1% during the fourth quarter, and u.s. debt is approaching 16.5 trillion dollars. we report, you decide. david hawkings here to help us out, editor of daily briefing. great to see you, david. good morning. >> nice to be with you, jamie. >> i want to start by can go you about the president's push this week. he'll make the tour on gun control. he talked last week about immigration. does he have those two right? >> does he have those two right in terms of boosting the economy? >> well, no. in his position and his proposals are those issues that we should take care of in the way he's proposing? >> well, that's not for me to decide, but it ce
the a tell you what it means for your wallet and the economy. and for some the super bowl is nothing but filler between those often-times hysterical commercials. jon: love them. jenna: we have a sneak peak at madison avenue's finest. it's all "happening now." take a look at unemployment rate, the new one that we got today i think it's going in the wrong direction. the news not all bad, not all good, we'll work through it for you everybody. glad to have you with us on friday. i'm jenna lee. jon: i'm glad it's friday. i'm jon scott. employers adding $157,000 jobs in january continuing the slow pace of job growth we have seen in recent months and years. it didn't make a dent in the unemployment rate. in fact the nation's jobless rate rising in january to 7.9%, clearly not good news. that doesn't seem to be phasing wall street, though. take a look at the dow, up more than 130 points, and approaching 14,000. senior white house foreign affairs correspondent wednesday algoler joins us live. >> reporter: as one analyst put it the top line is not so good but the bottom line is really not so b
: meanwhile breaking news on the economy. it's the worst it's been in more than three years. but democrats aren't blaming the tax hikes they just pushed through. no. something else. >> our economy is facing a major headline which goes to your point, and that's republicans in congress. >>steve: darned republicans. democrats' plan? print more money. brian. >>brian: make way for the future site of the obama library. but first we need to get ronald reagan's childhood home out of the way. break out the bulldozer. "fox & friends" starts tphoufplt >>gretchen: good morning. usually when we come in in the morning, we all have our own ways of preparing for the show. unfortunately i have to spend a little bit more time in hair and makeup. and during that time is when i start looking at the news papers, the hard-core ones, not on my ipad. i have to say i was a little shocked at the front cover of the new york post this morning when it hit my lap. that one right there. dan marino, we all know over at cbs sports, hall of fame quarterback with the miami dolphins, probably the best quarterback to not win
the report as stupidity. >> maryland governor martin o'malley focused on the economy and education in his state of the state this morning. he says maryland is ahead of the other states because of fiscal choices made during the recession. moving ahead, he will increase the rainy day fund protect the aaa bond rating and cut spending by eight $.3 million. >> the us economy shrank despite a increase in consumer spending because of big one-time factors like the shrink in defense spending. it is the first time the economy has contracted since the recession ended. coming up, a hostage situation underway in alabama. we have details on how authorities are trying to save a six-year-old child from armed gunmen. >> another miracle on the hudson and this is caught on tape. >> a new study that takes a different approach to losing weight. next jacqui jeras will be back for >> the gun-control control debate is heating up on capitol hill with the senate judiciary committee hearing on gun violence underway for the first hearing since the sandy hook shooting. one of the witnesses with congresswoman gabriell
the economy, they say, is starting to turn around. what is going on here? we will bring in the senior business correspondent and anchor of bulls & bears. thank you for joining us. this number, then, is increasing. in fact, two years ago, 42 percent of retirees were putting off retirement. why the increase? >> it has been -- we have been getting more gray as a workforce because people have longer life spans and they have better health. we have switched from defined pension benefits to more risky 401(k) plans for people who have worked longer. the last two years was a dramatic jump leaving us to think it is something to do with the economy. people have been drawing down the 401(k)'s and into their savings because they have lost jobs and the value of homes are going down. the storm now is back where it was before the big financial meltdown in 2008 but, however, there is a feeling of insecurity. that is what is driving people to stay in the workforce longer. >>heather: home prices are rising now, and you mention the stock which has turned around if now. so, with the economy possibly rebounding, ho
the american economy and strengthen american families. third, creating an effective employment verification system that will prevent identity theft and and the hiring of future unauthorized workers. leslie, an approved process for admitting future workers to serve the nation's workforce needs while simultaneously protecting all workers. other bipartisan groups of senators have stood in the same spot before, trumpeting similar proposals. but we believe that this will be the year that congress finally gets this done. the politics on this issue have been turned upside down. for the first time ever, there has been more political risk in opposing immigration reform than supporting it. host: senator chuck schumer, outlining the details of the immigration reform agreement so far. here is the headline from "roll call," this morning. host: here to talk more about this story, the staff writer at "roll-call," humberto sanchez. have democrats been able to move the ball forward? caller: it appears so, but principle is a big step forward. senator schumer mentioned that. it has been tried for a couple of
. >>> in his weekly address, president obama gave an upbeat outlook for the economy this year. >> we are poised to grow in 2013. the real signs of progress, home prices are starting to climb again. sales are at a five-year high. manufacturing is roaring back. businesses created $2.2 million jobs last year. we just learned our economy created more jobs over the past few months than originally thought. >> joining me is elijah cummings. sir, nice to see you. thanks for joining me. it was a mixed bag for the economy. the gdp detracted but there were good numbers in the report. listening to the president, he sounded optimistic. how do you see the economy? >> i see the economy as being fragile. but definitely moving in the right direction. alex, it's why we have to be so careful with regard to what we do in congress. a lot of the problems that could come about with regard to gdp is a result of the public and business feeling a certain level of uncertainty. we have to make -- we have to do what we are supposed to do in congress, come to reasonable decisions. we have to have some cuts. those cuts have
about uncertainties for the economy going forward and fiscal uncertainty more importantly noted until washington can get it right it might be difficult for businesses to function properly and grow, and he actually made it very obvious when he last spoke. a look at the one-year chart down 2.1%. lori: thank you. melissa: stocks struggling after a flurry of jobless claims. december personal income grew by the largest amount in eight years, held by dividend payouts as everybody tries to avoid higher tax rates on those. the latest reading on manufacturing came in the best level in nine months. that is positive. following the gdp report. that is not good. what does it say about the recovery? it is confusing. joining me now. we go through the list, it is basically all bad except the chicago pmi number. what is your take? >> my view is the latest data suggests this remains the olympus economic recovery since the second world war and we ought to be happy the u.s. economy grows by 2% once again in 2013. this is an economy growth wise that is simply moving sideways. melissa: sideways even is opt
are focusing on the domestic economy. connell: i hate the media, by the way. charles: don't you? the gdp report was great. the thing that was posted last week was really good. certainly a lot of yellow flags. dagen: hangnail, blame the media. john is, blame the media. connell: let's go to bob, talk about betting on american companies. joining us by telephone today from annapolis. always great to have both on the show. we pull back a little bit today, your positive on the market overall though. what do you make of where we are right now? >> we have come a long way in a short. of time. surprised it didn't happen sooner in my view. i think we are digesting the games. but will we get acceptable economic growth, acceptable earnings growth and will the risks like u.s. politics stay out of the way? the answer is yes and my guess for now it is yes. the path of least resistance is higher. connell: even if you are right, people say boy, initial investors, we will talk later about the fact they have been getting more involved in the market and the inflow starting to look better on that front, but some of
as we expected. >> the economy is tanking. >> remember the shovel-ready jobs that weren't shovel ready. >> shovel ready was not as shovel ready as we expected. >> we have had four years of the obama economy. it hasn't worked. >> it's been tanking for four years. >> the worst the jobs council did was very helpful. >> the jobs council that didn't embrace the president's jobs program is when you have to say, what are they up to. >> jobs council -- >> a number of ideas was acted on by this administration. as part of the president's overall commitment to job creation and economic growth. >> shovel ready was not as ready as shovel ready as we expected. >> as it turns out he had a whole bunch of business people that were trying to be good enough to get a food goodies from the president. >> you are more concerned with meetings than progress. >> there haven't been the recovery. now, we have the fourth quarter where the economy shrank. it contracted. >> greta: now what? ron johnson joins us, republican senator. i may be one of the few that it's not a big deal because i thought it was a silly pho
americans on food stamps? we learned the economy was shrinking and unemployment is back up to 7.9% and all this news is pouring out. here is what the president is addressing. >> i am here today because the time has come for common sense, comprehensive immigration reform. >> my attitude that gays and lesbians should have access and opportunity the same way everybody else does in every institution and walk of life. >> the only way we can reduce gun violence in this country is if the american people decide if it is important. if parents and teachers, police officers and pastors, hunters and sportsman, americans of every background stand up and say it's got to be different. >> sean: with reaction, is ann coulter. did you see the picture of his skeet shooting. first of all when you skeet shooting you shoot up. number one he is not holding it right. >> the great constitutional law scholar second amendment the fishermaners of the constitution really like skeet shooting. that is not what it is about. wait until the photos of him taking birth control pills fighting the war on women. >> sean: let's
of the entire economy should be put in jeopardy just because folks in washington couldn't come together to eliminate a few special interest tax loopholes or government programs that we agree need some reform. >> our first read team notes that while republicans want to solely talk about the budget the white house does not want to be bogged down on one issue that in the past cost hem political capital. quote, the obama white house wants to overled wa's political circuits to see what it can get through congress without letting congress define what issues get addressed. joining us now kelly o'donnell. our first read team noted the p talking about guns, immigration and today addressing the issue of the sequester. >> reporter: well, there is that sprint in the first year of his second term to try to get as much done as possible. and urgency on all these issues for different reasons. and when it comes to the sequester, the automatic budget cuts, kind of an odd term for what's meant to be automatic sweeping cuts across the board for the departments with a few exceptions. that was put in place a
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the end. that's for sure. >> oh, yeah. >> john berman, many thanks to you. >>> let's turn to the economy and new and encouraging signs this rng mmorning, more evidenc jobs market is recovering, albeit agonizingly slowly. 157,000 jobs were added last month and later this hour, wall street begins the day a little giddy. the dow celebrating its best january gains since 1994, and it all comes on the heels of president obama disbanding his jobs council, a group of business leaders who advised him on the economy. republicans were quick to seize on the news, scoffing at the white house's handling of the council and the economy overall. >> if the white house spent nearly as much time trying to actually fix the economy as it did claiming it was fixed and then finding excuses and sca scape goats when its premature announcements were false i suspected the economy would be better than it is doing here today. >> christine romans, is he right? the unemployment rate is still what, 7.9% now. >> yes, 7.9%, 157,000 jobs created in january. that's modest hiring. that is an economy that is healing still slo
the debt we can eliminate an additional drag on our economy. so this isn't a conversation about austerity. it is a conversation about growth and opportunity. that doesn't mean we're all going to agree on the path forward. americans certainly expect a serious policy debate. they expect both parties to offer competing plans to preserve and protect long-term entitlement programs and they expect both sides to propose different plans to get our fiscal house in order and our country back to economic health. now, republicans have done their part. the budget is passed by house republicans over the past couple of years contained fresh ideas that would help solve our fiscal crisis an. but from the democrats, so far not much. four years on, president obama and congressional democrats still have yet to offer a serious plan to address the economic challenges we face. they have been content to wage political war instead. it is my hope that the debate over the debt ceiling will finally move our friends on the other side beyond their preoccupation with the horse race. already, senate democrats have commi
years, our economy shrank in the last three months of last year. that was unexpected, the markets were a lit aloof for awhile, but look where they're standing now. as you can see. we'll continue to cover breaking news on studio b. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >> shep: the country, the economy shrank for the first time since last year, and it has taken economists by surprised. it slowed down 3.2% from the last quarter. and they are blaming a drop in exports, and factories shutting down after supe super storm san, and weighing down on the economy, the slowdown raising concerns about the ongoing recovery. jerry is with us, and you were saying a few minutes ago
. the economy is deteriorating. you can come up with any excuses you like. hurricane sandy did, the republicans or lower defense spending but the fact is numbers are what they are. the economy is contracting. layoffs are at far too high a level. if you dig into today's report, in december the holiday period our spending in america went up only .2%. a deteriorating economy, bill. bill: that is paltry. the gdp number, help me understand because they explain the drop-off with cuts to defense spending, right? if that is the case, is it only federal spending that is keeping us going in any direction? >> hold on a second. there is always an excuse. over the past four years whenever the economy has turned sour there has been an excuse. the japanese tsunami. the egyptian arab spring, the europeans, trouble in japan, the republicans, the downgrade, hurricane sandy. drop-off in defense spending. there is always an excuse. the fact is, we have never achieved a robust expansion since the end of the recession. now this latest go round yesterday when the economy showed to be contracting it was blamed on lowe
of the blackberry ten later in the show. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional con
if the government is hurting the economy and keeping people from being enthusiastic or excited because of all the milestones with the debt ceiling and next up sequestration. >> i think that's exactly right. you see that for the gdp numbers, for example. fourth quarter gdp numbers down and in large part because of government spending. redust in the military spending because of the draw down in the war but government spending does help the economy. >> right. >> clear that's been the case looking, for example, at great britain. they're in the double-dip recession right now doing the same austerity measures republicans oppose and we have had 6.1 million new jobs added in this economy and i think that the problems are we have to invest in education, make sure people have opportunities and make sure that the government doesn't pull back right now. >> what we also know is there are republicans who still strongly say and assert that the stimulus did not work and they do not believe in exactly what you just said. >> economists, the majority of those interviewed by "wall street journal" believes the st
Search Results 0 to 49 of about 378 (some duplicates have been removed)